U.S. Treasury Secretary Janet Yellen said on Friday the United States was willing to work with India to help craft a communique at the end of the Group of 20 Summit in New Delhi over the weekend, but it would be a challenge, APA reports citing Reuters.
"So I understand that this is challenging to craft such language, but I know the negotiators are discussing it, and working hard to do so and we stand ready certainly to work with India to try to craft a communique that successfully addresses this concern," Yellen told reporters at a briefing.
In her prepared comments, Yellen said she will work to build support to increase lending resources for the International Monetary Fund and the World Bank to help member countries deal with multiple global challenges, including new IMF quota resources.
At the briefing, Yellen said there was significant progress made on international debt relief efforts.
"International debt and providing relief to countries that are overindebted partly because of the impact of Russia’s war against Ukraine, but also the high interest rate environment, I believe we're beginning to make significant progress there. So I do see the G20 as a very effective forum," she said.